"The SECURE Data Act, which stands for Securing and Establishing Consumer Uniform Rights and Enforcement over Data, would apply to companies that do business in the US and meet certain data and revenue thresholds."
"A company would either have to collect personal data on more than 200,000 consumers a year and earn at least $25 million in annual revenue, or handle the data of at least 100,000 consumers and derive 25% or more of its revenue from data sales."
"The Federal Trade Commission would be the primary enforcer, with state attorneys general providing backup. There is no private right of action, which means individuals wouldn't be able to sue."
The SECURE Data Act aims to establish a national privacy standard that overrides existing state laws. It targets companies collecting data on over 200,000 consumers or earning $25 million annually. The bill incorporates familiar privacy principles, such as data minimization and consumer rights to access and delete data. The Federal Trade Commission will enforce the law, with state attorneys general assisting. Notably, there is no private right of action, which has garnered support from business groups. The bill reflects ongoing efforts to create a cohesive privacy framework in the U.S.
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